Wednesday, December 28, 2011

TBT Stopped Out

The TBT trade open since October was stopped out at 17.60 on the 19th of Dec.  Based on moving averages the bonds are in an uptrend.  While some indications are that this market is overbought and should decline, if stocks falter from here, the typical response would be a flight to bonds.  And I don't see anything concrete to suggest that won't happen again on any near term market scares.

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